Pine Lake Fund
- Assets
- $1.8m
- Revenue
- $860.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Plainwell, MI
- Founding
- 03/1981
- Data as of
- 09/2023
- EIN
- 38-2331621
Organization Overview
Pine Lake Fund is located in Plainwell, MI. The organization was established in 1981. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Lake Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Pine Lake Fund generated $860.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $954.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING PROGRAMS FOR DISABLED TO PROMOTE THE TRAINING AND PLACEMENT OF PERSONS WITH DISABILITIES ATTENDING THE MICHIGAN CAREER AND TECHNICAL INSTITUTE (MCTI) AND TO ENCOURAGE, SUPPORT AND SUPPLEMENT THE PROGRAMS OF MCTI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PINE LAKE FUND COLLABORATED WITH EMPLOYERS, MICHIGAN REHABILITATION SERVICES CUSTOMERS, AND MICHIGAN CAREER ADN TECHNICAL INSTITUTE STUDENTS TO INCREASE THE NUMBER OF PEOPLE WITH DISABILITIES AND SUCCESS OF PEOPLE WITH DISABILITIES IN POSTSECONDARY EDUCATION AND EMPLOYMENT. THE PROGRAMS INCLUDE EMPLOYMENT SERVICES SEMINARS AND INDIVIDUAL MEETINGS WITH MCTI STUDENTS.
OTHER PROGRAMS CONSIST PRIMARILY OF PROVIDING PROGRAM MANAGEMENT AND PROFESSIONAL SERVICES STAFF TO MCTI THROUGH A FEE FOR SERVICE AGREEMENT. THE SERVICES PROVIDED GIVE PRIORITY TO THOSE PERSONS WITH SIGNIFICANT DISABILITIES.
THE PINE LAKE FUND APARTMENTS SERVE MCTI STUDENTS, GRADUATES AND MCTI TEAM MEMBERS.
PINE LAKE FUND STAFFS OCCUPATIONAL THERAPISTS WHO SERVE MCTI STUDENTS, BUSINESS LEADERS, AND EMPLOYEES WITH DISABILITIES THROUGHOUT MICHIGAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecily Dykema Cagle Chair | OfficerTrustee | 1 | $0 |
Dr Kevin Hollenbeck Vice Chair | OfficerTrustee | 1 | $0 |
Scott Schrum Treasurer | OfficerTrustee | 1 | $0 |
Scott Lacey Secretary | OfficerTrustee | 1 | $0 |
Lajoyce Brooks Board Member | Trustee | 1 | $0 |
Julie Davis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $412,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,842 |
| Total Program Service Revenue | $354,179 |
| Investment income | $36,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,398 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $860,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,725 |
| Compensation of current officers, directors, key employees. | $8,124 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,006 |
| Payroll taxes | $29,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,692 |
| Fees for services: Other | $330,010 |
| Advertising and promotion | $0 |
| Office expenses | $2,305 |
| Information technology | $4,885 |
| Royalties | $0 |
| Occupancy | $51,759 |
| Travel | $8,258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,000 |
| Insurance | $26,459 |
| All other expenses | $0 |
| Total functional expenses | $954,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,984 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,100 |
| Net Land, buildings, and equipment | $890,918 |
| Investments—publicly traded securities | $554,156 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,775,784 |
| Accounts payable and accrued expenses | $35,499 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $468,750 |
| Other liabilities | $0 |
| Total liabilities | $504,249 |
| Net assets without donor restrictions | $1,241,434 |
| Net assets with donor restrictions | $30,101 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,775,784 |
Grants Awarded
Over the last fiscal year, Pine Lake Fund has awarded $65,282 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BARRY COUNTY ISD PURPOSE: SUPPORT EMPLOYMENT SERVICES | $60,000 |
MCTI-MDHHS PURPOSE: PROGRAM EQUIPMENT | $5,282 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Migrant Opportunity Services Incorporated Milwaukee, WI | $34,495,640 | $74,080,739 |
Milwaukee Center For Independence Inc Milwaukee, WI | $37,904,772 | $38,969,920 |
Abilities Services Inc Crawfordsville, IN | $5,400,510 | $4,361,023 |
Passages Inc Columbia City, IN | $0 | $4,886,280 |
Happiness Bag Players Inc Terre Haute, IN | $2,413,122 | $2,953,559 |
Disability Network Southwest Michigan Kalamazoo, MI | $2,687,953 | $2,483,758 |
Lucy Idol Center Inc Vermilion, OH | $2,712,872 | $1,322,649 |
Disability Network Lakeshore Holland, MI | $1,698,820 | $1,744,451 |
Pine Lake Fund Plainwell, MI | $1,775,784 | $860,538 |
Creative Living Inc Columbus, OH | $3,772,289 | $1,150,019 |
Tri-County Independent Living Center Inc Akron, OH | $1,168,632 | $656,682 |
Maximum Accessible Housing-Lake Cleveland, OH | $1,101,457 | $367,023 |
Supplementary Assistance To The Handicapped Sath Inc Hillsboro, OH | $435,547 | $449,366 |
Pickaway County Hands For Disabled Inc Circleville, OH | $274,782 | $0 |